Monthly Archives: January 2020

Business Idea of the Day: Packaged Foods Maker

by Entrepreneur Staff • January 8, 2020 • 0 Comments

Once dominated by food giants, this industry has more points of entry for health and nutrition entrepreneurs.

Reading has potential to be UK’s top entrepreneur hotspot

by Timothy Adler • January 8, 2020 • 0 Comments

Originally written by Timothy Adler on Small Business
Reading has the potential to be the UK’s top entrepreneurial hotspot providing it embraces digital technology, according to a report.
More effective use of digital technology by start-ups and scale-ups could boost the UK economy by as much as £34bn a year by 2030, says tech firm Atos.
Brighton, Cambridge, Cheltenham and Oxford were the other hotspots in the top five with the most to benefit from embracing technology.
>See also: If you want your start-up to succeed, move to Bristol
The consultancy has mapped the entrepreneurial potential of towns and cities for the first time.
Reading ranked top partly because over half of its population has gone into higher education; the high number of start-ups and existing business in the area, including 11,000 digital and tech firms; and an ethnically diverse population, which helps drive entrepreneurship.
“Digital technology is critical to unleashing the full entrepreneurial potential of the SMEs, start-ups and scale-ups in our towns and cities,” says the report. “Better use of digital technology can help entrepreneurs in all industries because while not every start-up business is in the tech sector, every start-up needs to embrace digital technology in order to compete.”
Atos makes three recommendations if policymakers

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What the UK can learn from Estonia as the destination to start a business

by Timothy Adler • January 8, 2020 • 0 Comments

Originally written by Timothy Adler on Small Business
Estonia has the highest concentration of entrepreneurs in Europe, according to research.
Nearly one in five adults (19.4 per cent) see themselves as either a would-be entrepreneur or owner/manager of a new business in the Baltic state.
Montenegro (14.9 per cent) and Turkey (14.2 per cent) were in second and third place when it comes to the concentration of start-ups, according to tech supplier RS Components.
>See also: What Estonia’s youngest inventor can teach us about entrepreneurship
The UK by comparison ranked in 17th place in Europe with 8.2 per cent of the country being entrepreneurs. In fact, Britain lags behind Kazakhstan and Romania when it comes to entrepreneurial activity.
Top 20 countries with most aspiring entrepreneurs and new business owners

#Country%

1Estonia19.4

2Montenegro14.9`

3Turkey14.2

4Latvia14.2

5Israel12.7

6Netherlands12.3

7Slovakia12.1

8Kazakhstan11.3

9Lithuania11.3

10Austria10,9

11Romania10.8

12Luxembourg10.7

13Iceland10.6

14Ireland9.6

15Croatia9.6

16Georgia8.6

17United Kingdom8.2

18Portugal8.2

19Hungary7.9

20Switzerland7.4

Source: RS Components

What can the UK learn from Estonia?
Estonia ranks #1 in ease of its tax system
The International Tax Competitiveness Index measures how easy or not it is to run a business in different countries of the OECD, according to several metrics. Estonia has maintained pole position for several years compared with 25th-ranked Britain.
Digital-first administration
Estonia is recognised as the world leader for digital e-government and that has extended to registering a business remotely in Estonia without having